Now on, you don't have to calculate anything. You can change you price and quantity, cost will change by itself. Because the value in that cell is now related to other values in A2 and B2. I hope this gives you a starting point.

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I certainly can't take the time to explain v lookup to you in this forum, but I can direct you to several sites that you can familiarize yourself with it. It's going to take you time to to understand it.

Step1. Start Microsoft Excel and open the file you want to change.
Step2. Double-click on the cell where you want the total to appear.
Step3. Press the = key on the keyboard. This tells Excel that you are entering a formula into the cell.
Step4. Enter the formula, then press Enter. Follow the steps below for an example.
Step5. Enter an opening parenthesis character: (.
Step6. Enter a cell name. For example: =(E2.
Step7. Press the + key.
Step8. Enter another cell name and a closing parenthesis character: ). For example: =(E2+E3).
Step9. Enter a minus sign and a third cell name. For example: =(E2+E3)-E4.
Step10. Press the Enter key to accept the formula. The cell will display the sum of the first two cells minus the third cell.
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Tips & Warnings

Formulas are just equations. Instead of adding or subtracting numbers you are adding and subtracting the contents of a cell.

Excel
includes a number of predefined functions to use as well. You can
combine the predefined functions into your own formula. (See "How to
Use Provided Excel Formulas.")

Suppose the value for $ is stored in cell A3. Your formula would look like this: =(A3+A3*0.25)*1.5

The equals sign at the beginning of the formula is necessary. And if you want the result to be formatted as currency, you can do so by right-clicking the cell or column, format cell, number tab, choose currency.

If I understand correctly, you want to figure the normal wages at 40 hours and less. If there is more then 40 hours, calculate the normal 40 hours, then calculate the hours overtime (time and a half) and add them to get a total.

B5 columns are filled with this:=IF(A5>$B$1,($B$2*$B$1)+((A5-$B$1)*($B$3)),A5*$B$2)

NOTE: The $ sign doesn't refer to money, it refers to an absolute reference so when copying a formula, the cell references with a $ sign are fixed and don't adjust according to the relative position to where it's being pasted.